Feb 21, 2023 | Blog, Shareholder Investigations
Silvergate Capital Investors Who Have Held Silvergate Stock Since At Least November 14, 2022 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Silvergate Capital Corporation (“Silvergate” or “Silvergate Capital”) (NYSE: SI) breached their fiduciary duties to Silvergate and its shareholders.
The investigation concerns whether Silvergate Capital’s board failed to disclose material information, including whether Silvergate misled investors and failed to disclose that (i) Silvergate’s platform lacked sufficient controls and procedures to detect instances of money laundering; (2) Silvergate’s customers had engaged in money laundering in amounts exceeding $425 million; and (3) as a result of the foregoing, Silvergate was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm; and whether statements about Silvergate Capital’s business, operations, and prospects lacked a reasonable basis.
On November 15, 2022, Marcus Aurelius Research stated that recently-revealed Silvergate bank records showed $425 million in transfers to South American money launderers. On November 17, 2022, The Bear Cave reported on several companies with potential exposure to the recently collapsed cryptocurrency exchange FTX, including Silvergate. On January 5, 2023, multiple media reports indicated that Silvergate customers withdrew around $8.1 billion in digital-asset deposits in the fourth quarter of 2022, causing Silvergate to sell assets at a steep loss and fire 40 percent of its staff.
SILVERGATE CAPITAL INVESTORS WHO HAVE HELD THEIR SILVERGATE STOCK SINCE AT LEAST NOVEMBER 14, 2022 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF SILVERGATE WHO HAVE HELD THEIR STOCK SINCE AT LEAST NOVEMBER 14, 2022 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Feb 21, 2023 | Blog, Shareholder Investigations
Norfolk Southern Stock Investors Who Have Held NSC Stock Since At Least February 2, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Norfolk Southern Corporation (“Norfolk Southern”) (NYSE: NSC) breached their fiduciary duties to Norfolk Southern and its shareholders.
The investigation concerns whether members of Norfolk Southern’s board of directors or senior management failed to manage Norfolk Southern in an acceptable manner, in breach of their fiduciary duties to Norfolk Southern, and whether Norfolk Southern and its shareholders have suffered damages as a result.
On February 3, 2023, a Norfolk Southern train derailed around East Palestine, Ohio, near the border with Pennsylvania, leaking toxins such as vinyl chloride, butyl acrylate, benzene residue, and other combustible liquids.
Norfolk Southern now faces numerous lawsuits and investigations from regulators and individuals stemming from the derailment.
NORFOLK SOUTHERN INVESTORS WHO HAVE HELD THEIR NSC STOCK SINCE AT LEAST FEBRUARY 2, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF NORFOLK SOUTHERN WHO HAVE HELD THEIR STOCK SINCE AT LEAST FEBRUARY 2, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Feb 9, 2023 | Blog, Shareholder Investigations
Acacia Research Investors Who Have Held Acacia Stock (NASDAQ: ACTG) Since At Least January 2022 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Acacia Research Corporation (“Acacia” or “Acacia Research”) (NASDAQ: ACTG) breached their fiduciary duties to Acacia and its shareholders.
The investigation primarily concerns issues arising from Acacia’s recapitalization agreement with Starboard Value LP, entered on October 30, 2022; the claimed “resignation” two days later of Acacia’s former CEO; and certain actions taken since that time that appear to be more favorable to Starboard than Acacia’s shareholders.
ACACIA RESEARCH INVESTORS OF WHO HAVE HELD ACACIA STOCK SINCE AT LEAST JANUARY 2022 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF ACACIA WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 2022 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Feb 3, 2023 | Blog, Shareholder Investigations
Investors Who Have Held Snap Stock Since At Least January 24, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Snap Inc. (“Snap”) (NYSE: SNAP) breached their fiduciary duties to Snap and its shareholders.
The investigation concerns whether members of Snap’s board of directors or senior management failed to manage Snap in an acceptable manner, in breach of their fiduciary duties to Snap, and whether Snap and its shareholders have suffered damages as a result.
On January 25, 2023, the House Energy and Commerce Committee hosted a roundtable discussing the role of Snap-owned Snapchat in sales of fentanyl. Bloomberg reported the same day that the Federal Bureau of Investigation and the U.S. Department of Justice were investigating Snap for similar conduct.
SNAP INVESTORS OF WHO HAVE HELD THEIR SNAP STOCK SINCE AT LEAST JANUARY 24, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF SNAP WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 24, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Feb 2, 2023 | Blog, Shareholder Investigations
Investors of Endeavor Group Holdings Who Have Held Their Stock Since At Least January 8, 2023 Encouraged to Contact Kehoe Law Firm, P.C. – Breach of Fiduciary Duties Investigation
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Endeavor Group Holdings, Inc. (“Endeavor Group” or “Endeavor”) (NYSE: EDR) breached their fiduciary duties to Endeavor and its shareholders.
The investigation concerns whether members of the board of directors or senior management of Endeavor Group failed to manage Endeavor Holdings in an acceptable manner, in breach of their fiduciary duties to Endeavor, and whether Endeavor and its shareholders have suffered damages as a result.
On January 9, 2023, the California Legislative Women’s Caucus wrote a letter to the CEO of Endeavor Group, calling on Endeavor to remove Dana White as president of the Ultimate Fighting Championship (“UFC”), a mixed martial arts (“MMA”) promotion company, after video surfaced of White striking his wife with a closed fist at a New Year’s Eve celebration.
INVESTORS OF ENDEAVOR GROUP WHO HAVE HELD THEIR EDR STOCK SINCE AT LEAST JANUARY 8, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR SECURITIES.
SHAREHOLDERS OF ENDEAVOR GROUP WHO HAVE HELD THEIR EDR STOCK SINCE AT LEAST JANUARY 8, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
